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Masterlu

06/26/12 9:18 AM

#69443 RE: BayouBengals #69434

A poison pill to whom? The anticipation of a large buyback was originally based on Jeff's statements of his goal to have said control. Now doesn't that make the latter moot? Doesn't really matter. I'm just looking for a PR about anything specific. Vague won't work.
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Johnny4profits

06/26/12 12:07 PM

#69563 RE: BayouBengals #69434

Thank you. This is interesting!
The question is, what does it offer to investors when the CEO has total control of the company? Of course it depends on what kind of CEO, what kind of human being, What kind of leadership he may provide over time. Certainly no question in regards to his personal investment! Jeff Reid has real skin in the game. In fact, I suspect that it is a product of Jeff's leadership that is keeping me from getting my 2s here. LOL

KMAG Share Structure:
A/S 750,000,000 a/o June 14th, 2012
O/S 609,420,100 a/o June 14th, 2012
Float 555,051,805 a/o Apr 03, 2012
What are the 25 million preferred worth in common?

Conversion rate is 25 commons per A. Which equates to a skosh over the current O/S.
We're looking at it as a voting advantage rather than greed...a poison pill as one would
say. He will have total control of his company...that's for sure.

Quote:What are the 25 million preferred worth in common?


This is exciting stuff! In fact, the iBox on this board reads like a strongly postured success story in the making. IMO of course!

KMA has developed a suite of high speed application process that enables application and "RFID Read, Write and Verification" at the highest speeds in the industry.
Jeffrey D. Reid, Chief Executive Officer of KMA Global Solutions International, Inc., commented, "Working closely with innovative clients has challenged KMA and its partners to constantly advance our processes and technology." KMA is working with Milestone Automation to prepare a suite of products in this fast growing marketplace.
KMA's DUAL Tag(TM) provides theft protection through its innovative combination of two leading Electronic Article Surveillance (EAS) technologies in a single, high-speed application. Packaging companies that have adopted DUAL Tag(TM) consider it to be of great benefit to their operation. When compared to applying the two EAS technologies separately, production efficiencies increase substantially and overall costs are significantly reduced. DUAL Tag(TM) eliminates inventory costs associated with duplicate inventories that differ only by EAS technology and allows products to be sold through any retail channel.